My first entry was based on an engulfing candlestick at my key weekly support. Followed by a break and retest of the 1.77 level on the 15 minute.
My second entry is based on a double bottom on the 15 minute and price not being able to break the boxed region on the 1 hourly.
My stops are 1.77500 .
Note
Similar Price Action in the Circle to the left.
We will have to break 1.78500 however which as been a key resistance in the past.
We seemed to have broken out of the flag pattern and heading towards this level.
I will be monitoring for wicks.
Note
I am expecting some wicks to the downside to 1.78500. Price has broken above this level and now consolidating.
Expecting price to stall here for a bit before going to 1.80 level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.